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The world is bankrupt -- How it will affect you

Harvey Gordin - January 2012

Despite the
disingenuous doublespeak coming out of the Federal Reserve and all the
campaign rhetoric, the true state of our economy is in dire
circumstances. It is not going to have a 'soft' landing and unemployment
is not going to rebound for tens of millions of Americans. Not in 2012
or 2013. Unless the U.S. Congress suddenly awakens from their delusional
state that spending us into the stratosphere is the right course to
take, you should look out for yourself and your family - now.
Why? Because the toxic "global" economy for one thing is trillions in
debt. Because the affected countries are socialist (except Germany), the
reforms that should have been undertaken decades ago are too little too
late. Greece is DOA and Germans are tired of bailing out the same
repeated mistakes. Portugal, Ireland Spain and Italy are the next
dominoes in line for major trouble.

Due to the foolish U.S.
Congress, one session after another who refuse to abolish the central
bank draining the lifeblood of this country, we the people are being
bleed dry from foreign financial entanglements that are now rolling
across the ocean. The "Fed" is swapping debt like drunk sailors in a bar
trading "Matey" stories. Unfortunately, millions of Americans are
unaware or don't understand the big picture and how all this will affect
everything they've toiled for during a lifetime.

The Congress
continues their lunatic spending ways as if there are no consequences to
their actions. On January 17, 2012, the U.S. Treasury once again began
borrowing from government retirement pension funds to pay for the
reckless spending. Robbing Peter to Paul Paul only temporarily holds off
the inevitable.

If the House and Senate again vote this week
to raise the debt ceiling limit by another $1.2 trillion dollars, it
should further reinforce what so many of us already know: Either members
of Congress have zero understanding of what all this borrowing is doing
or they simply don't care.

That should deeply distress every
adult aged American in this country regardless of party affiliation. The
actions of a few (Congress), while lining their pockets from insider
knowledge, are ruining the lives of millions:

"The 401k generation is beginning to retire, and it isn't a pretty
sight. The retirement savings plans that many baby boomers thought would
see them through old age are falling short in many cases. The median
household headed by a person aged 60 to 62 with a 401k account has less
than one-quarter of what it would need in that account to maintain its
standard of living in retirement, according to data compiled by the
Federal Reserve and analyzed by the Center for Retirement Research (CRR)
at Boston College for The Wall Street Journal. Even counting Social
Security and any pensions or other savings, most 401k participants
appear to have insufficient savings."

Will you be one of the
tens of millions of Americans who finds their standard of living at the
poverty level by the time you retire? Remember: Paper assets, whether it
be the ones in your wallet or your 401(k) or other retirement tools,
are not really money in that their only worth is backed by the "faith
and credit" of a government that is more than $15 trillion in the hole,
not counting the $202 trillion in unpaid mandates for social security,
prescription pills and Medicare. Thomas Jefferson said: "Paper is
poverty,... it is only the ghost of money, and not money itself."

Astute investors and the wealthy have always owned gold. If you look
back at Germany under Hitler, people fled leaving everything behind. To
withdraw money from banks would have brought attention to them that
could have been fatal. Political and economic collapse are staring at
the world and the world is buying gold in ever increasing quantities.

If you've never owned gold, give me or Jay Reichard a call so we can
help you to understand the danger of leaving all of your assets in one
volatile basket. If you already own gold and/or silver and want to
further invest, give us a call today.
Article Source: USAGoldvault